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Thursday newspaper round-up: Inflation target, Amazon, Abcam

(Sharecast News) - The Bank of England should be set a 3% inflation target and given powers to crash borrowing costs below zero in response to future economic shocks, a leading thinktank has said. The Resolution Foundation said Britain required a big overhaul of its economic toolkit to avoid decades of rising debt or austerity, and called for reforms at the Bank and the Treasury to get a "bigger bang for each buck". - Guardian Amazon is experimenting with a humanoid robot as the technology company increasingly seeks to automate its warehouses. It has started testing Digit, a two-legged ​r​obot that can grasp and lift items, at facilities this week. The device is first being used to shift empty tote boxes. - Guardian

Jeremy Hunt is poised to overhaul how the pensions triple lock is calculated in a move that is expected to save the Treasury £900m a year. In his Autumn Statement next month, the Chancellor is expected to announce that the payout to retirees will rise in line with regular wages at 7.8pc, rather than the 8.5pc surge in total pay when bonuses are taken into account. - Telegraph

The bosses of Abcam, the Cambridge-based biotech firm, are set to receive payouts of $28.8 million on completion of a takeover by the US medical conglomerate Danaher. Alan Hirzel, chief executive, and Michael Baldock, finance chief, are on course to receive $19.2 million and $9.6 million respectively from an incentive scheme if shareholders accept the $5.7 billion bid. - The Times

The UK is on track to lose out on £98 billion of economic growth by 2030 because of an anticipated shortage of 250,000 tradespeople. Net zero targets are increasing demand but young people do not feel encouraged consider such careers, according to a survey from Kingfisher. - The Times

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Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph

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